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30TH ANNUAL SEC REPORTING INSTITUTE

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All attendees will receive our conference notebook free of additional charge at the meeting.

Non-attendees may order notebooks and attendees may order additional copies. Save shipping & handling when you pre-pay! (Good in U.S., U.S. possessions, and Canada.) CT, FL, IL, NJ, NY & RI residents add appropriate sales tax. Canadian  residents add appropriate GST. Be sure to include the conference title when ordering.

Click Here to Order Notebooks

8:30 – 9:00   REGISTRATION AND CONTINENTAL BREAKFAST 

9:00 – 10:15 Current Sec Developments and Sec "Hot Buttons"

Learn how new accounting pronouncements will affect your preparation of 2007 financial statements.  Walk through significant staff interpretations that are critical to today’s financial reporting registrants.  Find out the new areas of emphasis by the SEC, and the latest reporting and enforcement trends.  Get an inside look at the proposed and recently adopted amendments to rules and forms.  Plus-you’ll receive an executive summary of key current accounting standards and emerging issues including:

• Debt vs. Equity Classification

• FIN 46 Issues

• Revenue Recognition Issues

• Off-Balance Sheet Liabilities

• Impairment

• Share-Based Payments 

• Materiality

U.S. Securities & Exchange Commission

10:15 – 10:30   Question and Answer Session

10:30 – 10:45  Coffee Break

10:45 – 12:00  FASB/EITF UPDATE

 Tired of being surprised by new technical pronouncements at the last minute?  Get an overview now of recent activities at the Financial Accounting Standards Board and the Emerging Issues Task Force and how they will impact your financial statements.  Get ahead of the curve with some useful insights into current FASB projects that may impact your financial statements in the future.

• FASB Current Activities – A flurry of recently issued FASB Statements and FASB Staff Positions could impact your financial statements this year.  Find out what you need to know now.

• FASB Projects – Major changes in GAAP and financial statement presentations could be coming in the near future.  Get an overview of what FASB is thinking now to determine whether and how you may be impacted by major projects such as revenue recognition, liabilities and equity, fair value, business combinations, etc.

• EITF – Emerging issues are arising faster and more frequently than ever.  Learn which ones might impact you.

LELAND E. GRAUL, Partner and National SEC Director, BDO Seidman, LLP

12:00 – 1:00   INTERNAL CONTROL REPORTING – IMPROVING THE PROCESS AND OTHER 404 CONCERNS

Hear first hand how companies are improving their internal controls and the process by which they are monitored.  Also learn what additional changes are likely to be enacted in the near term, and how enterprises are reacting to them.

PETER D. CHANT, Partner, Deloitte & Touche LLP

1:00 – 2:00   LUNCHEON -- Use this opportunity to network and build relationships that will last long after the conference has adjourned.  Share experiences and ask questions of your peers and the experts in an informal atmosphere.

2:00 – 3:00    Business Combinations Update

This session will highlight new developments and emerging issues in the area of business combinations.  Topics covered include:

• Key aspects of the FASB’s business combination project (accounting for transaction fees, restructuring costs, etc)

• Recent EITF guidance applicable to business combinations

• Current accounting and reporting “hot topics” for business combinations

PETER D. CHANT, Partner, Deloitte & Touche LLP

3:00 – 3:15   Refreshment Break

3:15 – 4:15   ACCOUNTING FOR STOCK-BASED COMPENSATION-- TRANSITION AND DISCLOSURE

Get the latest on Statement 123(R), which now requires companies to expense the value of employee stock options in the income statement.  Statement 123(R), an Amendment of FASB Statements No. 123 and 95, provides alternate methods for a voluntary charge to booking expense related to stock options.  Find out the requirements for valuing and disclosing the expensing of options.  Learn how the new rules require more prominent disclosures in annual and quarterly reports.  In this important session, discover alternative long-term incentive vehicles that may be more viable now that options must be expensed.

MARTIN J. SOMELOFSKE, Principal and Practice Leader,  Compensation Consulting Group, Deloitte & Touche LLP

4:15 –5:15  UPDATE ON ACTIVITIES AT THE PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD

Hear directly from the PCAOB the most recent update on auditing standards (including AS5) and other standards-setting activities.  Obtain an overview of other board functions including observations from its inspection and enforcement activities.

BELLA RIVSHIN, Associate Chief Auditor, Public Company Accounting Oversight Board

5:15 – 6:15   Networking reception

Day Two, Wednesday, September 19, 2007

8:30 – 9:45

THE SEC’S LATEST ISSUES AND EMPHASIS ON MD&A REGULATIONS

Take part in this in-depth look at current issues that affect your company’s MD&A from both a legal and accounting perspective.  Tackle your most frequently encountered concerns such as:

• Areas Most Scrutinized by the SEC

• What you Should and Should not say in Terms of Forward-looking Information

• Safe Harbor Rules

• Events and Uncertainties

• SEC Advice Concerning Liquidity

• Capital Resources and Off-Balance Sheet Arrangements

• Derivative Accounting for Non-Exchange Traded Contracts

• Critical Accounting SEC Policy Proposals

• Related Party Disclosure

RICHARD MARSHALL, Partner, Ropes & Gray LLP

8:30 – 9:45   THE SEC’S LATEST ISSUES AND EMPHASIS ON MD&A REGULATIONS

Take part in this in-depth look at current issues that affect your company’s MD&A from both a legal and accounting perspective.  Tackle your most frequently encountered concerns such as:

• Areas Most Scrutinized by the SEC

• What you Should and Should not say in Terms of Forward-looking Information

• Safe Harbor Rules

• Events and Uncertainties

• SEC Advice Concerning Liquidity

• Capital Resources and Off-Balance Sheet Arrangements

• Derivative Accounting for Non-Exchange Traded Contracts

• Critical Accounting SEC Policy Proposals

• Related Party Disclosure

RICHARD MARSHALL, Partner, Ropes & Gray LLP

9:45 – 10:00   Coffee Break.

10:00 – 11:15     Securities litigation 2007: the truth or (adverse) consequences of corporate financial disclosure

The accuracy and completeness of corporate financial disclosures (including MD&A) are under more intense scrutiny than ever before.  Recent headline grabbing scandals have spawned a wave of private securities class action litigation and related shareholder lawsuits caused partly by issuers’ accounting practices, and partly by Issuers’ accounting practices, and partly by intensified enforcement by the SEC and the U.S. Department of Justice.  In this session, the panel will discuss the basic principles governing liability of corporate officers and directors for the disclosures in required public filings and in other public disclosures.  Among other recent developments, the panel will discuss the SEC’s current initiative to crack down on “gate keepers” (e.g., auditors and in-house counsel), as well as the SEC’s targeting of outside corporate directors, customers and lower level finance and sales employees as part of its overall aggressive enforcement program.  This session will also focus on current trends in civil securities class action litigation, including life sciences companies and the intensified focus on disclosures relating to clinical trial results and pending new drug applications.  We will highlight corporate governance measures (including effective corporate compliance programs) that issuers should consider in light of recent regulatory actions and the amendments to the federal criminal sentencing guidelines.

INEZ H. FRIEDMAN-BOYCE, Partner, Goodwin Procter LLP  

DAVID P. BERGERS, District Administrator, Boston District Office, U.S. Securities and Exchange Commission, (invited)

GLEN DEVALERIO, Partner, Berman, Devalerio, Pease, Tabacco, Burt & Pucillo

11:15 – 12:15   ENTERPRISE RISK MANAGEMENT AND ONGOING COMPLIANCE

·     What is Enterprise Risk Management?  Concepts and Definitions

·     Why implement ERM?

·     Financial risks, operational and IT risks

·     Value proposition of integrating entity-wide compliance programs

·     Shareholder value enhancement through ERM

·     Correlation between ERM and debt/equity valuations

·     Do you have time for ERM?  Competing priorities

·     Already have some governance mechanisms; how do they fit into ERM?

ANNE MARCHETTI , Former Global Service Line Director - Governance and Risk Management, Parson Consulting

12:15 – 1:15    LUNCHEON -- Use this opportunity to network and build relationships that will last long after the conference has adjourned.  Share experiences and ask questions of your peers and the experts in an informal atmosphere.

1:15 – 2:15   3 BIRDS WITH ONE STONE: LEVERAGING SARBANES ANTIFRAUD PROGRAMS TO INCREASE EARNINGS AND AVOID LEGAL AND COMPLIANCE LIABILITIES
Fraud continues to remain in the spotlight. SEC rules and PCAOB auditing standards require management to implement antifraud programs and controls.  If deficient, at a minimum, this will result in a significant deficiency or, worse, a material weakness and adverse opinion. This session focuses on how to leverage Sarbanes antifraud programs to (1) increase earnings by mitigating operation risk, (2) avoid (or at least reduce) liability under new DOJ and SEC guidelines. This session covers:

• Overview of legislation, regulatory, and professional standards

• Benefits of an effective antifraud program

• Elements of effective antifraud programs and controls

• Fraud and misconduct risk assessments

• Evaluating design and operating effectiveness of antifraud preventive and detective controls

• Fraud auditing

• Incidence response and remediation

JONNY J. FRANK, Partner, PricewaterhouseCoopers LLP

2:15  -- 3:15   INTERNATIONAL FINANCIAL REPORTING STANDARDS UPDATE

Attend this session and gain a solid understanding of current international accounting and reporting issues.  Go back to your office prepared for the important domestic and international ramifications of International Accounting Standards.

MICHAEL GIBBS, Senior Manager, PricewaterhouseCoopers LLP

3:15 – 4:20    COMPENSATION DISCUSSION AND ANALYSIS (CD&A)  

• Objectives of the CD&A

• Issues to address in the CD&A

• Option timing practices

• Performance compensation

• Plain English

• A Report Card on 2007 Proxies

JOHN M. WIRTSHAFTER, Member, McDonald Hopkins LLC

4:20     ADJOURNMENT